Indonesia’s startup IPO pioneer Kioson is poised to grab a lion’s share of the local O2O e-commerce and financial services by targeting unbanked communities.
Why
Digital illiteracy
About 175 million Indonesians were unfamiliar with use of new digital technology in 2015.
Lack of banking services
Over 2.5 million traditional retailers in rural areas cannot access modern banking facilities.
Market
170 million
The number of Indonesians without access to modern banking services. Almost two thirds of the population are unbanked or underbanked.
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